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Single most important rule of trading
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Single most important rule of trading

  #1 (permalink)
Site Administrator
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Single most important rule of trading

Two part question:

- What is the single most important rule of trading?

- Why?

If you are going to reply with something along the lines of "trend is your friend", I expect you to be detailed in the 'why' part of the answer.

Extra credit:

- Prove it.

Mike

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  #2 (permalink)
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  #3 (permalink)
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1. Diversification
2. I proved it in another thread

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  #4 (permalink)
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- What is the single most important rule of trading?

There is no free lunch.

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  #5 (permalink)
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baruchs View Post
1. Diversification
2. I proved it in another thread

Give a link.

Sent from my Nexus 4

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #6 (permalink)
Site Administrator
Manta, Ecuador
 
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Posts: 46,240 since Jun 2009
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baruchs View Post
1. Diversification
2. I proved it in another thread

Why?

Sent from my Nexus 4

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #7 (permalink)
Site Administrator
Manta, Ecuador
 
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Posts: 46,240 since Jun 2009
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artemiso View Post
- What is the single most important rule of trading?

There is no free lunch.

See post 1. Why?

Sent from my Nexus 4

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #8 (permalink)
Elite Member
Hong Kong
 
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1. Do not lose money.

2. No money no trade.

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  #9 (permalink)
Elite Member
Israel
 
Futures Experience: Intermediate
Platform: NinjaTrader
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https://futures.io/forex-currency-trading/8190-strategy-good-enough-15.html

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  #10 (permalink)
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1) Understand what you are doing
2) To stay longer in the game

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